The operators of a business directory scam allegedly sent collection warnings demanding more than $2,000 for unwanted listings and posed as a third-party collection agency.

Contrary to industry representatives' opinion, overdraft rules are necessary for a service that has become a revenue driver for banks.

The lead plaintiff in a class-action lawsuit filed against Macy’s in New York City accuses the retailer of "coercive collection practice" against minority customers.

Toronto-Dominion Bank said fiscal fourth-quarter profit rose 5.3% as higher earnings from retail banking and gains in trading revenue helped counter C$243 million ($183 million) in restructuring costs tied to job cuts.

Sunshine Bancorp in Plant City, Fla., plans to raise about $12.2 million through a private placement.

Deutsche Bank AG, Europe's largest investment bank, agreed to sell its U.S. private-client services unit to Raymond James Financial as Co-Chief Executive Officer John Cryan seeks to shrink investment-bank operations and lower costs. Terms were not disclosed.

WashingtonFirst Bankshares in Reston, Va., plans to raise up to $31.1 million by selling common stock.

Umpqua Holdings in Portland, Ore., has created a unit dedicated to disrupting the banking industry.

How you behave after customers turn you down establishes their impression of you going forward and could open the door to new sales opportunities.

In a report assessing the impact of a 2009 reform law, the agency cited concerns on debt collection, deceptive rewards programs and so-called deferred interest products.

A federal appeals court has ruled that Visa and MasterCard were coerced by law enforcement into cutting ties with a website that runs sex-related ads. The decision is a powerful statement in the debate over how far government officials can go in enlisting financial institutions as their deputies.

Q2, in Austin, Texas, paid $10.6 million to acquire all outstanding interests in Social Money, according to a Tuesday news release. The purchase price was subject to a customary working capital adjustment.

Achieva Credit Union is believed to be the first institution of its kind to complete a whole-bank acquisition. The deal could provide a template for other credit unions keen on buying banks.

Bank of the Ozarks' taste for M&A means its information-technology staff has to juggle integration projects and experiments with new software, mobile and other technologies.

Target has agreed to pay $39 million to settle loss claims from a two-year-old data breach that were brought by a group of financial institutions, according to court documents filed Wednesday.

An Indiana-based online test preparation company, sued this year by attorneys general in Indiana and New York, terminated employees and told them the firm is going "dormant." One of the firm's major creditors is accusing the company of fraud.

Banks are losing auto finance market share to captive lenders and finance companies, according to a new report from the credit bureau Experian.

Lloyds Banking Group in the U.K. has made Deborah McWhinney its third nonexecutive director. She joined the board at Lloyds Monday and also serves on its audit and risk committees.

U.S. Century Bank in Doral, Fla., has announced that its chief executive, Carlos Davila, will resign at the end of the year.

Banks are losing auto-finance market share to captive lenders and finance companies, according to a new report from the credit bureau Experian.